The Assault on Eastern Germany

On October 3rd monopoly capital and its servants celebrated the 20th anniversary of theÂ liquidation of the first German socialist state and the restoration of capitalism within the former German Democratic Republic (GDR).

The destruction of socialist economic structures and the pillage of wealth which belonged to the whole people of the German Democratic Republic, are generally presented as a regulated "revolution" by the exploitative and parasitic financial oligarchy in possession of colossal fortunes, by the bank owners, by theÂ great companies and economic groups.

But the 2010 celebrations are being disturbed by the disclosure of documents from the "Federal Accounts Court,"heretofore inaccessible, proving the decline of the East German economy, from 1990 onwards, was not due to socialism, as big capital has been claiming for two decades, but to the East German state’s bank sector run by the WesternÂ banks. The Deutsche Bank and the Dresdner Bank were the main beneficiaries of this act of predation.

The 20-year "unification" gala, which bankers, multimillionaires and capitalism’s servile political class have just celebrated, was transformed , for an important section of the workers and the German people, into a cavalcade of unemployment and poverty, the elimination of social and labour rights, a setback for democracy and the absence of hope for a better life.

The end of socialism in the GDR and capitalist restoration ended up by dragging the whole Germany into a situation in which citizen political power was ignored and the unelected and uncontrollable power of big capital, prevailed. Private banks and monopolies such as Siemens, Allianz or Mercedes, now decide, without holding any democratic legitimacy, the destiny of millions of families.

If in 2003, the percentage of the population, living under the poverty line in the Western part of the country was 13%, in the Eastern partÂ it reached 17.7%.

Today while in the Western factories 70% of the workers currently have definitive labour contracts ( an unthinkable situation up to 1990 ),Â in the East,Â the situation is much more dramatic with 45.5% working precariously or even with no contract.

The time has come to reveal, that behind Germany’s so called "unification," the reality was an onslaught on the ex GDR’sÂ production and wealth. It wasÂ a social regression process with no precedent in European history since 1945.